The Nigerian Stock Exchange recently delisted some companies from trading on the floor of the Nigerian Stock Exchange. It is important to note these names especially for investors who may be dubiously lured into purchasing the shares in these companies.
S/N | COMPANY | DATE DELISTED | REASON FOR DELISTING |
1 | IMPRESIT BAKOLORI PLC | 2002 | Voluntary |
2 | DUMEZ NIGERIA PLC | 2002 | Regulatory: NSE |
3 | CFOA NIGERIA PLC | 2007 | Voluntary |
4 | ACEN INSURANCE PLC | 2008 | Regulatory: NAICOM |
5 | ATLAS NIGERIA PLC | 2008 | Regulatory: NSE |
6 | CERAMICS MFG. COY. PLC | 2008 | Regulatory: NSE |
7 | AMICABLE INSURANCE PLC | 2008 | Regulatory: NAICOM |
8 | BAICO INSURANCE PLC | 2008 | Regulatory: NAICOM |
9 | BEVERAGES (WA) NIG. PLC | 2008 | Regulatory: NSE |
10 | ENPEE PLC | 2008 | Regulatory: NSE |
11 | TATE INDUSTRIES PLC | 2008 | Regulatory: NSE |
12 | MAUREEN LAB. PLC | 2008 | Regulatory: NSE |
13 | RIETZCOT NIGERIA PLC | 2008 | Regulatory: NSE |
14 | INTRA MOTORS NIG. PLC | 2008 | Regulatory: NSE |
15 | AVIATION DEV. COY. PLC | 2008 | Regulatory: NAICOM |
16 | GROMMAC INDUSTRIES PLC | 2008 | Regulatory: NSE |
17 | ONWUKA HI-TEK. PLC | 2008 | Regulatory: NSE |
18 | NIGERIAN LAMPS PLC | 2008 | Regulatory: NSE |
19 | NIGERIAN YEAST & ALCAHOL MFG. PLC | 2008 | Regulatory: NSE |
20 | SECURITY ASS. PLC | 2008 | Regulatory: NAICOM |
21 | SUN INSURANCE PLC | 2008 | Regulatory: NAICOM |
22 | NIGERIAN TEXT. MILLS PLC | 2008 | Voluntary |
23 | FOOTWEAR MFG. PLC | 2009 | Regulatory: NSE |
24 | FERDINAND OIL MILLS PLC | 2009 | Regulatory: NSE |
25 | CHRISTLIEB PLC | 2009 | Regulatory: NSE |
26 | BCN PLC | 2009 | Regulatory: NSE |
27 | LIZ-OLOFIN & COY. PLC | 2009 | Regulatory: NSE |
28 | OLUWA GLASS COY. PLC | 2009 | Regulatory: NSE |
29 | ASABA TEXTILE MILLS PLC | 2009 | Regulatory: NSE |
30 | ABOSELDEHYDE LAB. PLC | 2009 | Regulatory: NSE |
31 | EPIC DYNAMIC PLC | 2009 | Regulatory: NSE |
32 | FADMAD PLC | 2009 | Regulatory: NSE |
33 | ABA TEXTILE MILLS PLC | 2009 | Regulatory: NSE |
34 | AFPRINT PLC | 2010 | Regulatory: NSE |
35 | INCAR PLC | 2010 | Voluntary |
36 | NIGERCEM PLC | 2011 | Regulatory: NSE |
37 | DAILY TIMES PLC | 2011 | Regulatory: NSE |
38 | ALBARKA AIRLINE PLC | 2011 | Regulatory: NSE |
39 | FOREMOST DAIRIES PLC | 2011 | Regulatory: NSE |
40 | WIGGINS TEAPE NIG. LC | 2011 | Regulatory: NSE |
41 | OKITIPUPA OIL PALM PLC | 2011 | Regulatory: NSE |
42 | FIRST CAP. INV. & TRUST PLC | 2011 | Regulatory: NSE |
43 | FLEXIBLE PACKAGING PLC | 2011 | Regulatory: NSE |
44 | NEWPAK PLC | 2011 | Regulatory: NSE |
45 | KRABO NIGERIA PLC | 2011 | Regulatory: NSE |
46 | TROPICAL PETRO. PLC | 2011 | Regulatory: NSE |
47 | NIGERIAN BOTTLING COY PLC | 2011 | Voluntary |
48 | NAMPAK PLC | 2011 | Voluntary |
49 | UNITED NIG. TEX. PLC | 2011 | Voluntary |
50 | BANK PHB PLC | 2011 | Nationalised: CBN |
51 | AFRIBANK PLC | 2011 | Nationalised: CBN |
52 | SPRING BANK PLC | 2011 | Nationalised: CBN |
53 | INTERCONTINENTAL BANK PLC | 2011 | Merged with Access Bank Plc. |
54 | OCEANIC BANK PLC | 2011 | Merged with ETI |
55 | FINBANK PLC | 2011 | Merged with FCMB Plc. |
56 | ECOBANK PLC | 2011 | Absorbed by ETI: Now Ecobank Nigeria Ltd |
57 | ABPLAST PLC | 2012 | Regulatory: NSE |
58 | UDEOFOSIN GARMENT PLC | 2012 | Regulatory: NSE |
59 | HALLMARK PAPER PRODUCT PLC | 2012 | Regulatory: NSE |
60 | BACGO BAG PLC | April 11, 2013 | Merged with Flour Mills Plc |
61 | CRUSADER NIGERIA PLC | May 13, 2013 | Merged with Custodian & Allied Insurance Plc. |
62 | WEST AFRICAN ALUMINIUM PLC | June 3, 2013 | Regulatory: NSE |
63 | NIGERIAN WIRE INDUSTRY PLC | Jun2 3, 2013 | Regulatory: NSE |
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Source: NSE